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$279,000

Under Contract
2322 Westview Rd, Cortland, OH 44410
4 Beds
3 Baths
1,836 Square Feet
0.00 Acres Lot
Built in 1968
Under Contract
1 Units
Checked: 6 hours ago
Updated: Jul 25, 2025 at 04:11AM

Investment Summary


Monthly Cash Flow
-$457
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Property Description


0.00 Acres Lot
Built in 1968
Under Contract
1 Units

Welcome home to this 4 bed, 2.5 bath Colonial in Lakeview Schools nestled on a private deadend street! The first floor boasts a nice sized kitchen with newer appliances and new laminate flooring that flows into the formal dining room and spacious living room! The formal dining room is located off the kitchen and has a sliding door to the large deck with retractable awning. You can access the cozy sunroom from the deck or garage, convenient for everyday life or entertaining. Also off the kitchen is the oversized family room with unique beamed ceiling and a gas fireplace that will be your favorite place to snuggle up in the colder months. The first floor is complete with a laundry area and half bath! The finished basement offers lots of options for additional entertainment space, an office, or anything you’d like! On the upper floor you’ll find all 4 large bedrooms with hardwood floors. The master bedroom features 3 closets and a full bath with shower. An additional full bathroom is also on this floor with shower and jacuzzi tub! Back outside, you’ll fall in love with the private backyard that also features a large custom built shed/barn with high ceilings and electricity! This home is complete with an attached 2 car garage and a concrete drive with pull off for extra parking. Additional updates include: 200 amp electric, partial roof, sump pump, paint, bath fans, dishwasher, dryer, oven, smoke detectors, lighting fixtures, and more! A one year home warranty is included for your worry free purchase! Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Garage, Paved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Asphalt, Fiberglass

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 33037910
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Conventional
  • Year Built: 1968

Tax Information

  • Annual Tax: $4,546

Utilities

  • Water & Sewer: Well
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Trumbull

Listing Details


Listed by:
Heather Cline
Keller Williams Chervenic Rlty
(330) 518-1495

Source:
MLS Now
MLS#: 5130048
MLS Now

Investment Summary


Monthly Cash Flow
-$457
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$279,000
Amount financed:
-$223,200
Down payment:
$55,800
Closing costs:
$8,370
Rehab costs:
$0
Initial cash invested:
$64,170
Square feet:
1,836
Cost per square foot:
$152
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$223,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,320
Property tax:
$379
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,825

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$379-$4,546
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$829-$9,946

Cash Flow


Monthly Yearly
Net operating income:
$863 $10,356
Mortgage payments:
-$1,320 -$15,840
Cash flow:
$457 $5,484